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Wendy’s receives $1.4-billion take-private offer from U.S. hedge fund-led group
Source: The Globe and Mail
M&A & RestructuringCompany Fundamentals
Billionaire Nelson Peltz and several partners offered on Wednesday to buy Wendy's for US$1.4 billion. They argued the struggling burger chain needs a turnaround that would be best pursued outside public markets; the article provides no further offer terms or reported market reaction.
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